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Wise 76234
146 River Road
$357,500
● House - Off Market

146 River Road

Decatur, TX 76234
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,480 Ft²
$2,017
Est. Monthly
6.33%
Cap Rate

About This Property

Welcome to your dream home just outside the city limits of Decatur, Texas, within the esteemed Decatur ISD. This newly renovated gem sits on nearly an acre of serene land, offering the perfect blend of tranquility and convenience. Aesthetically and functionally updated, this home is move-in ready for you and your family. Enjoy modern finishes, an open floor plan, and abundant natural light throughout. The kitchen boasts stainless steel appliances and quartz countertops, while the spacious living areas and bedrooms provide comfort and style. Step outside to your expansive backyard, perfect for family gatherings and outdoor activities. This is the perfect place to call home!
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$247
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20680125)

Price History

Date / Event Date Event Price
Sep 16, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Jul 19, 2024 Listed by Agape and Associates LLC $365,000
Listed by Agape and Associates LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,689
  • Total Building Area: 1,480
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DECATUR ACRES
  • Land Acres: 0000000980
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 9 BLK 6 DECATUR ACRES

Neighborhood

  • School District Name: Decatur Independent School District
  • School Tax School District: DECATUR ISD
  • School Tax District Code 2: WCID #1
  • School Tax District Code 3: FM FLOOD-LATERA
  • Census Tract: 150103

Geography

  • Assessors Map Reference: AIR MAP: 1111
  • Account Number: 000000758645
  • Parcel: R0460.0057.00
  • Block: 6
  • Lot: 9
  • Municipality: DECATUR
  • Latitude: 33.1925
  • Longitude: -97.5507

    Address

  • Full Address: 146 River Rd
  • Address - House Number: 146
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Decatur
  • Carrier Code: R010
  • 4-Digit Zip Code: 5230
  • Zip Code: 76234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $269,628
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 284,463
  • High Value: 334,254
  • Low Value: 234,672

    Market Valuation

  • Market Total Value: $257,863

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,183

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 31, 2002
  • Current Sale Recording Date: Dec 31, 2002
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 05, 1993
  • Previous Sale Contract Date: Aug 05, 1993
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wise

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$197

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2456 ft²

Average Home Age

3.4 years

Currently For Sale

522 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Jessica Childers, Agape and Associates LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20680125
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 146 River Road built and last sold?
The property at 146 River Road was built in 1983 and last sold on Dec 31, 2002 for $0.
How much is this home worth?
The estimated value of the home located at 146 River Road is $366,329.
What are some comparable homes to 146 River Road?
There are currently no comparable homes to 146 River Road.
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